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REVENUE FROM CONTRACTS WITH CUSTOMERS
9 Months Ended
Sep. 30, 2024
Revenue from Contract with Customer [Abstract]  
REVENUE FROM CONTRACTS WITH CUSTOMERS REVENUE FROM CONTRACTS WITH CUSTOMERS
A summary of our total revenues disaggregated by major service line and timing of revenue recognition is presented below for each of our reportable segments (in thousands):
Three Months Ended September 30, 2024
NASTGlobal ForwardingAll Other and CorporateTotal
Major Service Lines
Transportation and logistics services(1)
$2,934,617 $1,141,190 $202,493 $4,278,300 
Sourcing(2)
— — 366,341 366,341 
Total revenues$2,934,617 $1,141,190 $568,834 $4,644,641 
Three Months Ended September 30, 2023
NASTGlobal ForwardingAll Other and CorporateTotal
Major Service Lines
Transportation and logistics services(1)
$3,086,970 $719,045 $223,392 $4,029,407 
Sourcing(2)
— — 311,623 311,623 
Total revenues$3,086,970 $719,045 $535,015 $4,341,030 
Nine Months Ended September 30, 2024
NASTGlobal ForwardingAll Other and CorporateTotal
Major Service Lines
Transportation and logistics services(1)
$8,924,839 $2,921,050 $636,929 $12,482,818 
Sourcing(2)
— — 1,057,482 1,057,482 
Total revenues$8,924,839 $2,921,050 $1,694,411 $13,540,300 
Nine Months Ended September 30, 2023
NASTGlobal ForwardingAll Other and CorporateTotal
Major Service Lines
Transportation and logistics services(1)
$9,470,425 $2,288,890 $682,884 $12,442,199 
Sourcing(2)
— — 932,357 932,357 
Total revenues$9,470,425 $2,288,890 $1,615,241 $13,374,556 
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(1) Transportation and logistics services performance obligations are completed over time.
(2) Sourcing performance obligations are completed at a point in time.
We typically do not receive consideration and amounts are not due from our customers prior to the completion of our performance obligation and as such contract liabilities, as of September 30, 2024, and revenue recognized in the three and nine months ended September 30, 2024, and 2023 resulting from contract liabilities, were not significant. Contract assets and accrued expenses-transportation expense fluctuate from period to period primarily based upon changes in transportation pricing and costs and shipments in-transit at period end.